US life insurer Pacific Life has announced the appointment of Brian Woolfolk as leader of the its new Institutional Division, effective January 1, 2020.
Woolfolk joined Pacific Life in 2010 and currently serves as Senior Vice President of Sales and Chief Marketing Officer in the Retirement Solutions Division.
In his new position, he will oversee the establishment and growth of the new Institutional Division, utilising his previous experience in leading retail business functions.
The Institutional Division is designed to bring Pacific Life’s collections of products in the institutional space under one leadership as it transitions out of the Retirement Solutions Division.
This include products for pension risk transfer, stable value wrap, and federal home loan bank businesses.
“Brian is a dedicated leader with deep experience in building and leading high-performing teams,” said Pacific Life Chairman, President and CEO Jim Morris.
“His leadership role as the head of sales and marketing for the Retirement Solutions Division, as well as previously leading the product development area, has given him broad exposure to strategic, operational and organizational challenges and established his reputation as a thought leader who brings structure, insight and a strong business sense to his role.”